Withdraw PayPal to bank accounts in Philippines
January 26, 2008
Pinoy Money Talk is one of the first, probably the very first, to break this news to the blogosphere but expect other sites and blogs to write about this without giving us credit although they got the news from us. LOL.
Anyway, brace yourself:
Effective yesterday, PayPal started allowing users in the Philippines to withdraw funds to local bank accounts.
Yup, it’s confirmed. Log in to your PayPal account and see that in the My Account > Withdraw page, you now have an option to directly transfer funds from your PayPal account to your bank account in the Philippines.
Other way to convert PayPal to cash? Sell it
November 8, 2007
We’ve already outlined here how to withdraw PayPal in the Philippines and we also have a bustling discussion here of the details of these withdrawal methods.
Almost all of these ways, however, incur a certain amount of transaction fee, for example, the $5 that PayPal charges whenever you make a transfer to your local debit or credit card. At times, you also lose on the exchange rate because the banks’ rates are often lower.
So is there an alternative way to convert PayPal funds to cash without incurring a lot of fees and without losing on the exchange rate?
Yes, by selling your PayPal funds.
